House of the Day: Four-Family Brownstone in Prospect Heights
This brownstone at 126 St. Marks Avenue is 19 feet wide but still plenty big because it’s four stories with an extension. It has plenty of original moldings, mantels, a pier mirror and other period details as well as updated kitchens and baths. It’s set up as a four-family, but has a few extras. The…
This brownstone at 126 St. Marks Avenue is 19 feet wide but still plenty big because it’s four stories with an extension. It has plenty of original moldings, mantels, a pier mirror and other period details as well as updated kitchens and baths.
It’s set up as a four-family, but has a few extras. The third floor unit has three bedrooms on the third floor and the fourth floor apartment has a deck in the back.
The mechanicals, roof, windows and facade have all been updated, according to the listing. It last sold in for $1,900,000 in 2011, when it made our Last Week’s Biggest Sales list. It was a House of the Day in 2006.
With an ask of $3,495,000, do you think it’s appealing as an investment property or to live in?
126 Saint Marks Avenue [Brown Harris Stevens] GMAP
Photos by Brown Harris Stevens
Good analysis. I agree with you. If its ultimate use is as a single family, you’d probably have to spend another $300K to half million changing around the configuration. So you’re looking at close to $4 million all in. In that neighborhood, you might be able to find a single family that’s already configured appropriately and move-in ready for less money. Guess that leaves condo conversion as the only option. That might net $1.5 to $2 million at then end of the day.